Relevant:
- The "Doom Loop Is Coming Back" - Deutsche Bank
- FOMC's Window of Opportunity for Rate Hike Now Closed
- Fed leaves rates alone, signals confidence in economy (LOOK AT WHAT WE SAY, NOT WHAT WE DO!!)
- Bond yields hit new lows, equities slide in safe haven dash (ON NEG RATES, FED+BREXIT FEARS)
- Early Facebook and Google employees form coalition to fight what they built
2018-03-19 — marketwatch.com
As for the tech slide, Jacobsen declined to talk about specific companies but said trepidation around "what is going on with advertising as a source of revenue" for some companies is one reason why some social media names are facing selling.
"The market is pricing in a 97.9% likelihood of a rate hike at this meeting. The big question then will be the ‘dot plot' giving the FOMC members' estimates of where rates will be at the end of this year and next," said Marshall Gittler, chief strategist at ACLS Global, in a note.
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